Yes. Taxes must be paid like any other real estate that you might own. Ask for a current quotation regarding estimated appraisal values and millage
rates for the particular locale where you are interested in purchasing.

Is financing available for my boat slip purchase?

Buyers can apply for up to a 10-year mortgage - with the same tax deductions that a conventional mortgage offers - although interest rates of boat
slip loans have been a bit higher lately than on first mortgages for houses.

What is a boat slip?

Like condominiums, boat slips are individual slips that can be sold and transferred by deed to individual boat owners and investors. Sometimes,
included in the purchase price of the slip, is the ownership (in common with the other slip owners) of the marina common areas. These might
include things like income centers, such as service center, marina store, fuel dock, office/retail space, etc., the marina parking, recreational
amenities, club house, restaurant, gym, pool, etc.

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